Hopefully you guys can help me. I am looking to purchase my first home this summer. My current situation has seemed to scare off lenders.
Here's my situation:
I am a physical therapist with about 5 years of work experience. I am going to be going back to school to get a PhD in august. As part of the PhD program, I will be payed a stipend to live off of. I would like to buy a condo, as I will be there for about 4 years and rents are high relative to real estate prices in the area. The last lender I spoke to was scared off when I told her I was going back to school. I have the work history, I have plenty for a down payment, and I have good credit.

The lender may have been scared as you will take a break from your job and won't be able to show any paystubs while taking out the loan. Nevertheless, you can contact other local lenders of your area and check out if they can help you in this regard. If they can't help you, then you can contact the private lenders and try out for a loan.

What amount do you consider a 'decent' mortgage?
How much deposit have you guys got?
And also when you say 'bad credit' could you tell us a bit more about that?_________________Home loans | Equity loan

The mortgage industry is extremely competitive and lenders will bend over backwards for your business. Have a detailed discussion with the lender about the closing costs and which fees the lender will remove or match from another lender.

Mortgage Rate Comparisons are powered by MortgageLoan.com (MLD). MLD is not a lender, nor is it responsible for the accuracy of the interest rate quotes offered by its network of lenders. We are not engaged in direct marketing through email or phone to entice customers. If you have any query or if you are suspicious of any deceitful activities, feel free to contact us at this mail: customercare@mortgagefit.com.